The People’s Bank of China (PBoC) guide commercial banks to continue to increase credit support and reduce borrowing costs in the real economy amid a waning recoveryMNI reports on Wednesday, citing central bank officials.
Additional comments
The PBoC will make it easier for lenders to reduce the real costs of borrowing through the reduction of deposit costs by liberalizing the deposit interest rate system.
In the meantime, will help expand credit through the use of structural monetary tools and it will push banks to support large and key infrastructure projects.
central bank keep liquidity at a reasonable and ample level.
Credit conditions will continue to improve in the second halfas the central bank remains accommodative at an accommodative pace, noting that China’s leverage ratio is expected to rise modestly due to countercyclical measures that will fuel debt growth while the economic recovery is comparatively slow.
Source: Fx Street
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